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Zimbabwe police kill illegal gold miner
Zimbabwean authorities have vowed to press on with a crackdown on illegal gold and diamond miners that has seen the arrest of nearly 25 000 people since November and left miner one dead.

Botswana business more positive than ever
Botswana businesses are more upbeat about their future prospects than the central bank has ever recorded before in its annual business expectations surveys.

No forced retrenchments: Mittal
Mittal Steel South Africa (MLA), producer of the majority of the country's steel, says it has agreed with its three main unions to extend a no forced retrenchment agreement by another year to the end of calendar 2007.

Zimbabwe phone firm pumps billions into expansion
Zimbabwe's biggest mobile phone operator, Econet Wireless, said Monday it planned to invest a whopping ZWD90bn ($360mn) to expand the network to accommodate an additional 300,000 subscribers.

SARS targets the rich
About 200 rich South Africans are now registered with the SA Revenue Service (SARS) in a drive to corner wealthy tax evaders.

Anthrax kills 200 cattle in Zim
An estimated 200 cattle have died of anthrax in Masvingo in Zimbabwe in the past two months, Harare's Herald newspaper reported

The fizz is back for Coca-Cola
Coca-Cola South Africa, said the carbon dioxide (CO2) supply shortage that hit the soft drinks industry in the past three months, was now over.

Australian firm discovers "rich" uranium deposits in Namibia
Australian Stock Exchange (ASX)-quoted West Australian Metals (WME), the latest firm to join the rush for Namibia's uranium said Thursday it has discovered rich deposits of the highly- priced mineral at its Marenica Project in Namibia.

Zim inflation hits record high
Inflation in Zimbabwe has hit a new record high of 1,281 percent, puncturing government hopes of reining in the galloping rate.

SA firm to build Zambian hotels
A South African firm will build two hotels on the Zambian side of the Victoria Falls, despite plans for a golf course and villas in the national park being rejected.

Zimbabwe household bills surge
The consumer protection body bemoans the escalating prices of basic foodstuffs.

Interest affecting the vehicle industry
South Africa's vehicle makers are bracing themselves for a challenging year in 2007 with the domestic new car market likely to move sideways or register modest growth at best, a senior official at the National Association of Automobile Manufacturers of SA (NAAMSA) says.

SA group plans massive platinum production in Zimbabwe
South Africa's Impala Platinum Holdings (Implats) said Tuesday it planned to increase the mineral's output in Zimbabwe to around one million ounces per year in the next few years from the current 100,000 ounces.

Namibia looks toward nuclear power
Namibia is seeking regional and international help to build a nuclear power generation plant as the country, which has huge deposits of uranium, scrambles to achieve self-sustenance in electricity generation.

Mauritius clamps down on tax
Mauritius Revenue Authority (MRA) has announced a national campaign against tax evasion and fraud aimed at extending the tax base of taxpayers to become the mainstay of increasing fiscal revenues.

Property to slow in 2007
Leading South African property experts say 2007 may be the low water mark before prices start increasing again in 2008, albeit at a more subdued pace than the heady heights of 2004-05.

Zambia looks for new oil
Zambia said on Friday that it would invite tenders from oil firms to prospect for new petroleum and gas fields found in the country's north-west, adding that the successful bidders would be named soon.

JSE higher on resources
Mining stocks are in demand as the JSE gathered steam in the afternoon to secure a positive finish.

Rand leaves rates unpredictable
While South African bonds strengthened by between six and 18 basis points during the past week, analysts say the volatility of the rand poses questions going forward.

Mozambique's inflation rate in 2006 drops to 9.4%
The Mozambican inflation rate, measured through the Maputo Consumer Price Index, dropped to 9.37 percent in 2006, compared to 11.15 percent in 2005.

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